M&T Bank Corp Increases Position in Markel Group Inc. $MKL

M&T Bank Corp raised its position in Markel Group Inc. (NYSE:MKL) by 115.4% during the fourth quarter, Holdings Channel reports. The firm owned 909 shares of the insurance provider’s stock after buying an additional 487 shares during the quarter. M&T Bank Corp’s holdings in Markel Group were worth $1,954,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKL. Canerector Inc. raised its position in Markel Group by 191,036.0% in the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock valued at $20,458,463,000 after purchasing an additional 10,698,016 shares during the period. Select Equity Group L.P. raised its position in Markel Group by 75.9% in the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after purchasing an additional 145,146 shares during the period. Rakuten Investment Management Inc. purchased a new stake in Markel Group in the third quarter valued at approximately $46,738,000. Qube Research & Technologies Ltd purchased a new stake in Markel Group in the third quarter valued at approximately $38,288,000. Finally, Strive Asset Management LLC purchased a new stake in Markel Group in the third quarter valued at approximately $38,227,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 0.6%

Markel Group stock opened at $1,810.91 on Friday. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The stock’s fifty day simple moving average is $1,931.50 and its 200-day simple moving average is $2,017.25. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $22.65 billion, a P/E ratio of 13.05 and a beta of 0.67.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $3.66 billion. As a group, equities analysts expect that Markel Group Inc. will post 113.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on MKL. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Truist Financial cut their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Brean Capital began coverage on Markel Group in a research report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price on the stock. Zacks Research lowered Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Weiss Ratings lowered Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average target price of $2,025.00.

Insiders Place Their Bets

In other news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the sale, the chief executive officer owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diane Leopold acquired 50 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the transaction, the director directly owned 550 shares of the company’s stock, valued at approximately $984,054.50. This trade represents a 10.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.08% of the stock is currently owned by corporate insiders.

Markel Group Company Profile

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.